Hitachi Energy, a wholly owned subsidiary of Hitachi Ltd., and global leader in electrification, announced a historic investment of more than $1 billion to expand the production of critical electrical grid infrastructure in the United States. These investments, among the largest seen in the electrical industry in the U.S., include approximately $457 million for a new large power transformer facility in South Boston, Virginia, along with significant expansions of existing facilities throughout the country.
Exciting times for Hitachi Energy, the State of Virginia, and American Energy. Powering good!
News release – Hitachi announces historic $1 billion USD manufacturing investment to power America’s energy future through production of critical grid infrastructure: https://lnkd.in/dZ6MVQhP
CNBC video: https://lnkd.in/dVHTPCw5
Image: Virgina Governor, Glenn Youngkin and Hitachi Energy CEO, Andreas Schierenbeck on CNBC’s Squawk Box